11 May 2021
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VLO | Valero Energy Corporation and Price Action
Study Valero Energy Corporation and Price Action from 2014 Chart.
Since 2017, price action above resistance. But price action pullback and breakout below resistance turn support in 2020.
See chart, price action now above key resistance. Can the price action continue to stay above? Will see.
Manage your risk.
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Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.
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